FBIFX vs. FHDEX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity Advisor Freedom Blend 2040 Fund Class A (FHDEX).
FBIFX is managed by Fidelity. It was launched on Oct 2, 2009. FHDEX is managed by Fidelity. It was launched on Aug 31, 2018.
Performance
FBIFX vs. FHDEX - Performance Comparison
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FBIFX vs. FHDEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | -3.60% | 19.88% | 13.32% | 19.37% | -18.16% | 15.88% | 16.47% | 25.95% | -11.81% |
FHDEX Fidelity Advisor Freedom Blend 2040 Fund Class A | -3.12% | 20.68% | 15.13% | 19.62% | -19.25% | 15.95% | 17.55% | 26.13% | -11.92% |
Returns By Period
In the year-to-date period, FBIFX achieves a -3.60% return, which is significantly lower than FHDEX's -3.12% return.
FBIFX
- 1D
- -0.07%
- 1M
- -7.73%
- YTD
- -3.60%
- 6M
- -0.93%
- 1Y
- 15.51%
- 3Y*
- 13.52%
- 5Y*
- 7.34%
- 10Y*
- 10.18%
FHDEX
- 1D
- -0.21%
- 1M
- -8.21%
- YTD
- -3.12%
- 6M
- -0.16%
- 1Y
- 16.82%
- 3Y*
- 14.57%
- 5Y*
- 7.49%
- 10Y*
- —
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FBIFX vs. FHDEX - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is lower than FHDEX's 0.74% expense ratio.
Return for Risk
FBIFX vs. FHDEX — Risk / Return Rank
FBIFX
FHDEX
FBIFX vs. FHDEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity Advisor Freedom Blend 2040 Fund Class A (FHDEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FBIFX | FHDEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.16 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.68 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.44 | -0.03 |
Martin ratioReturn relative to average drawdown | 6.58 | 6.68 | -0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBIFX | FHDEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.16 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.52 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.57 | +0.09 |
Correlation
The correlation between FBIFX and FHDEX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FBIFX vs. FHDEX - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 2.43%, less than FHDEX's 2.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 2.43% | 2.35% | 2.20% | 1.97% | 2.08% | 1.96% | 2.00% | 18.26% | 2.22% | 1.82% | 1.98% | 2.02% |
FHDEX Fidelity Advisor Freedom Blend 2040 Fund Class A | 2.70% | 2.61% | 4.56% | 1.73% | 6.10% | 8.37% | 4.78% | 3.26% | 3.24% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBIFX vs. FHDEX - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -30.73%, roughly equal to the maximum FHDEX drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for FBIFX and FHDEX.
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Drawdown Indicators
| FBIFX | FHDEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -31.34% | +0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -10.56% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -26.12% | -27.85% | +1.73% |
Max Drawdown (10Y)Largest decline over 10 years | -30.73% | — | — |
Current DrawdownCurrent decline from peak | -8.10% | -8.63% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -6.11% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.28% | -0.14% |
Volatility
FBIFX vs. FHDEX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) is 4.50%, while Fidelity Advisor Freedom Blend 2040 Fund Class A (FHDEX) has a volatility of 4.93%. This indicates that FBIFX experiences smaller price fluctuations and is considered to be less risky than FHDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBIFX | FHDEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 4.93% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 8.43% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 14.50% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 14.35% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 16.56% | -1.73% |